All posts tagged Value Act

The auction for U.K. software company Misys PLC is down to a two-horse race between two private-equity firms after Swiss rival Temenos Group AG dropped out of the process, but it is by no means certain that a deal will be done.

Both buyout proposals look somewhat unusual. For U.S.-based Vista Equity Partners the deal would be double the size of most of its investments while CVC Capital Partners is working with Misys’s largest shareholder Value Act – widely assumed to be looking for an exit at a decent price having pushed for an attempt to turnaround an ailing company.